Category archives: News

Iron Ore DCE May24 Daily Technical Review 24/01/24

Verdict- Neutral. DCE May24 contract rebounded following Asian equity warming. In hourly chart, CCI returned to bullish territory. Hourly MACD narrowed in bullish territory. Hourly slow stochastic KD entered overbought area. The open interest of May 24 contract was almost unchanged from late December, suggesting that the market was lack of long-term investment. Thus, a …

Continue reading “Iron Ore DCE May24 Daily Technical Review 24/01/24”

Daily Virtual Steel Mill Report 24/01/24

Verdict: • Short-run Neutral.   Macro: • The Bank of Japan announced that it will maintain its current monetary policy unchanged and continue to adhere to the inflation control target of 2%. The Bank of Japan kept the short-term interest rate at negative 0.1% and kept the long-term interest rate at zero by purchasing long-term …

Continue reading “Daily Virtual Steel Mill Report 24/01/24”